All Insights

April 30, 2025

What Trump's Tariffs Mean Moving Forward

By: Aaron Wall, CFA
Partner, Portfolio Manager


Since President Trump’s inauguration, tariffs have taken center stage and flooded headlines. For a better understanding of why tariffs are at the top of Trump policy, Partner and Portfolio Manager Aaron Wall, CFA, breaks down the basics in just four minutes.

0:00 - Recap of the Tariff Landscape before Liberation Day
0:34 - Trade Policy and How We Got Here
1:30 - Trade Deficits and Surpluses (with Examples)
2:48 - Market Expectations vs. Actual Outcome
3:37 - Takeaways: The Good and the Bad

For more responses to your frequently asked questions, please click this link and review timestamps from the Q2 Market Outlook Webinar to navigate to your area of interest.

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